Advance Auto Parts, Inc. (NYSE:AAP) Stock Has Average Target Price of $48.94 According to Analysts

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have earned an average recommendation of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $48.94.

A number of analysts have issued reports on AAP shares. Roth Capital set a $48.00 target price on Advance Auto Parts in a research report on Friday, August 21st. TD Cowen lowered their price target on Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, August 20th. Weiss Ratings lowered Advance Auto Parts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. Wells Fargo & Company dropped their price objective on Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Finally, The Goldman Sachs Group set a $49.00 price objective on Advance Auto Parts in a research note on Friday, August 21st.

Advance Auto Parts Price Performance

Shares of AAP opened at $41.53 on Thursday. The firm has a 50-day simple moving average of $44.97 and a two-hundred day simple moving average of $52.42. The stock has a market cap of $2.51 billion, a PE ratio of 11.70, a P/E/G ratio of 0.67 and a beta of 1.07. Advance Auto Parts has a 1-year low of $37.89 and a 1-year high of $65.20. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, August 20th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.81 by $0.22. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. As a group, analysts forecast that Advance Auto Parts will post 2.99 EPS for the current year.

Advance Auto Parts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.00 annualized dividend and a yield of 2.4%. Advance Auto Parts’s dividend payout ratio is presently 72.99%.

Hedge Funds Weigh In On Advance Auto Parts

Several institutional investors have recently bought and sold shares of AAP. Allworth Financial LP acquired a new position in Advance Auto Parts during the 2nd quarter worth $25,000. State of Wyoming purchased a new stake in Advance Auto Parts during the 2nd quarter worth about $34,000. PNC Financial Services Group Inc. raised its position in Advance Auto Parts by 9.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares in the last quarter. Nykredit A S acquired a new stake in Advance Auto Parts in the 2nd quarter valued at about $155,000. Finally, Blue Trust Inc. raised its position in Advance Auto Parts by 29.8% in the 1st quarter. Blue Trust Inc. now owns 3,729 shares of the company’s stock valued at $197,000 after purchasing an additional 856 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc is an automotive aftermarket parts provider that sells replacement parts, accessories, maintenance products and equipment for cars, trucks and other vehicles. The company serves do-it-yourself customers as well as professional repair shops and commercial customers.

Its product offerings include batteries, brakes, filters, engine and drivetrain components, electrical parts, tools, fluids, chemicals and related accessories. Advance Auto Parts serves customers through a network of stores, distribution facilities and digital ordering channels, with services such as in-store pickup, delivery and commercial parts delivery supporting its retail and professional businesses.

Founded in 1929, the company operates primarily in the United States and also has a presence in Canada and other North American markets.